ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. StoneX Group's annualized return on capital (ROC %) for the quarter that ended in Mar. 2026 was 8.87%.
As of today (2026-06-27), StoneX Group's WACC % is 7.92%. StoneX Group's ROC % is 8.29% (calculated using TTM income statement data).
StoneX Group generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
StoneX Group (MEX:SNEX) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, StoneX Group's WACC % is 7.92%. StoneX Group's ROC % is 8.29% (calculated using TTM income statement data).
StoneX Group generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
StoneX Group ROC % Related Terms
StoneX Group ROC % Historical Data
* Premium members only.
The historical data trend for StoneX Group's ROC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
StoneX Group (MEX:SNEX) has a ROC % of 8.87% as of Mar. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on StoneX Group and its competitors.
Is StoneX Group's ROC % too high?
StoneX Group's current ROC % is 8.87%. The Capital Markets industry median ROC % is 1.23. StoneX Group's value of 8.87% is 624.1% above this industry median. Overall, StoneX Group has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does StoneX Group's ROC % compare to XP and HLI?
StoneX Group's ROC % of 8.87% can be compared against companies in the Capital Markets industry. The industry median ROC % is 1.23. StoneX Group's value of 8.87% is 624.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Capital Markets company?
The median ROC % among Capital Markets companies is 1.23, based on 694 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. StoneX Group's current ROC % of 8.87% is 624.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on StoneX Group and its competitors. For the Capital Markets industry, the median ROC % is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StoneX Group's current ROC % is 8.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StoneX Group stock overvalued right now?
Based on GuruFocus' analysis, StoneX Group (MEX:SNEX) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,110.07, compared to a current price of MXN2,236.00 — trading 101.4% above its estimated fair value. The current ROC % is 8.87% and 624.1% above the Capital Markets industry median of 1.23. StoneX Group's overall GF Score™ is 57/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For StoneX Group (MEX:SNEX), the current ROC % is 8.87% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is StoneX Group (MEX:SNEX) Overvalued in 2026?
Based on GuruFocus' analysis, StoneX Group stock appears to be overvalued.
The current stock price of MXN2,236.00 is trading 101.4% above its estimated GF Value™ of MXN1,110.07.
GuruFocus considers StoneX Group to be Significantly Overvalued.
Key valuation signals for MEX:SNEX:
ROC %: 8.87%
GF Value™: MXN1,110.07 vs. price of MXN2,236.00 (101.4% above fair value)
Industry Position: 624.1% above the Capital Markets median
No single metric tells the full story. See the MEX:SNEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StoneX Group Inc is a brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: Commercial, Institutional, Self-Directed/Retail, and Payments. Its customers include governmental and nongovernmental organizations, commercial banks, brokers, institutional investors, and investment banks. The company operates in the United States, South America, Europe, the Middle East and Asia, and other countries, out of which the majority of revenue is generated from the Middle East and Asia Region.
57GF Score
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